An installment credit is also known as installment loan. It is a loan that is repaid over time with a set number of scheduled payments.
Answer:
a.67.9%.
Explanation:
Debt to Total Assets Ratio = Total Liabilities / Total Assets x 100
<em>Total Liabilities = $95,000,000
</em>
<em>Total Assets = $140,000,000
</em>
Debt to Total Assets Ratio = $95,000,000 / $140,000,000 x 100
Debt to Total Assets Ratio = 0.679 x 100
or
Debt to Total Assets Ratio = 67.9%
Hence, The Assets of Marker Co. are 67.9% funded by creditors.
Answer:
Total cost= $930,020
Explanation:
Giving the following information:
8,900 machine-hours:
Variable costs= $760,060
Fixed costs= $152,880.
<u>First, we need to calculate the unitary variable cost per machine-hour.</u>
Unitary variable cost= 760,060/8,900= $85.4
<u>Now, for 9,100 hours:</u>
Total cost= 152,880 + 85.4*9,100
Total cost= $930,020
Answer:
$102,240
Explanation:
List price $94,000
Less list price credit term(2%×$94,000)$1,880
Balance $92,120
Add: Discount period $7,800
Delivery charges $940
Labor cost $1,380
Total cost $102,240
Therefore the total cost of Hunter's equipment is $102,240